Market Research Report
Global Surgical Robots Market By Component, By Mechanism of Control, By Application, By Region, Forecast & Opportunities, 2025
|Published by||TechSci Research||Product code||934820|
|Published||Content info||112 Pages
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|Global Surgical Robots Market By Component, By Mechanism of Control, By Application, By Region, Forecast & Opportunities, 2025|
|Published: May 1, 2020||Content info: 112 Pages||
Global surgical robots market is expected to grow at a formidable rate during the forecast period. The global surgical robots market is driven by the growing occurrences of degenerative and chronic diseases such as diabetes, CVD, among others. Additionally, associated benefits of surgical robots from both surgeons and patients perspectives are anticipated to propel the growth of market over the next five years. Furthermore, technological innovations & advancements and new product launches by the major manufacturers such as introduction of flexible and cost effective robots are expected to foster the growth of market until 2025.
The global surgical robots market is segmented based on component, mechanism of control, application, end user, company and region. Based on component, the market can be categorized into systems, accessories and services. The accessories segment is expected to dominate the market over the next few years on account of extensive use of accessories in different surgical procedures. This leads to an increase in purchase of accessories. Furthermore, these accessories are replaced regularly after every surgical procedure, thereby driving the growth of segment. Based on end user, the market can be fragmented into hospitals & clinics, ambulatory surgical centers and others. The ambulatory surgical centers segment is expected to witness significant growth during the forecast years. This can be ascribed to the easy reimbursement procedures, which have made different surgical procedures affordable.
Regionally, the surgical robots market has been segmented into Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these, Asia-Pacific is expected to witness significant growth during the forecast years in the overall surgical robots market owing to the increasing patient pool in the region. Additionally, growing number of hospitals and rapid development & adoption of latest technologies in healthcare is further expected to propel the market through 2025.
Major players operating in the global surgical robots market include Intuitive Surgical, Stryker Corporation, Mazor Robotics, Smith & Nephew, Hansen Medical, Medrobotics Corporation, TransEnterix Inc., Medtech, Renishaw, THINK Surgical, Zimmer Biomet, Corindus Vascular Robotics, Auris Health, Inc., CMR Surgical, Verb Surgical, Omnilife Science, Inc., Preceyes BV, Microsure, Titan Medical Inc., Avatera Medical GmbH and others. The companies are developing advanced technologies and launching new services in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. For instance, in March 2019, Zimmer Biomet received FDA Clearance for the ROSA ONE Spine System, which will be used for the robotically assisted surgeries. This would help in the expansion of product portfolio of the company.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global surgical robots market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global surgical robots market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Hospitals & Clinics
Ambulatory Surgical Centers
Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in global surgical robots market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: